(Sydney, November 26, 2025) – The Reserve Bank of New Zealand lowered the Official Cash Rate by 25bps to 2.25%.
Below are the key headlines from the statement:
--OCR cut 25bps to 2.25%. Discussed option for Hold and 25bps Cut
--Future moves depend on medium-term inflation and economic outlook
--Risks to inflation outlook are balanced
--Significant OCR reduction so far expected to support recovery
--See average mortgage yield fall to 4.7% by Sep 2026 from 5.4% now
--Voted 5 to 1 to cut 25bps
--March 2026 2.2% OCR vs 2.5% in Aug
--March 2027 2.3% OCR vs 2.7% in Sep
--June 2027 2.5% OCR
